How Much Is A 2017 Nissan Altima Worth? Here’s How To Find Out
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The Nissan has always been a solid option in the midsize sedan segment. Even though it can’t compete with its segment rivals like the Honda Accord and Toyota Camry, the Nissan Altima is popular enough with buyers – thanks to its decent handling, economical engines, and comfortable interiors.
How much is a 2017 Nissan Altima worth? You’ve come to the right place if you’re thinking about trading in your 2017 Nissan Altima. With the current state of the automotive market, there may be no better time to sell or trade in your used Altima than now. If you act now, you may be able to make top dollars for your old Nissan sedan.
For this post, we’ll talk about the current state of the new and used car markets. Why is it the best time to trade in your 2017 Altima? How does one calculate their vehicle’s trade-in value? What are the determining factors of a car’s trade-in value? We’ll answer these questions and more.
Trading In Your 2017 Nissan Altima
The last year hasn’t been very kind to car shoppers, mainly due to skyrocketing prices both for new and used vehicles. With the ongoing COVID-19 pandemic, Russia’s invasion of Ukraine, and a shortage of semiconductor chips, car prices hit an all-time high in January. Overall, these add up to the current market state and thus increased prices: low supply and high demand.
Back in February, the U.S. Bureau of Labor Statistics published a Consumer Price Index News report. Browse over to the automotive market, and you’ll see that buyers of brand-new vehicles paid 12.2% more compared to January 2021. However, that’s not even the worst part. Used car shoppers spent 40.5% more than the previous year, which is nothing short of jaw-dropping.
In addition, according to Cox Automotive, the price of used cars has increased 28% in March 2022 compared to the previous year. Therefore, while costs will return to more regular values, they will remain high, provided that demand remains high and chip shortages aren’t mitigated.
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Any Chance the Market Gets Better?
Although we saw record numbers back in December 2021 going through January 2022, new and used car prices are slowly coming down. CNBC reported that wholesale vehicle prices have declined 6.4% since January and continue on a downward trend. Moreover, car sellers are getting more inventory as 1.2 million new cars arrived in March, but it’s significantly fewer than last year and pre-pandemic.
The good news is that car prices are on a downward trend. However, don’t expect things to come back to pre-pandemic numbers. Many experts fear that elevated prices will become the new norm, especially when demand remains high.
Why Sell or Trade In Your 2017 Nissan Altima Now?
How much is a 2017 Nissan Altima worth? If you have that question on your mind, you’re likely planning to sell or trade in your old Altima sedan. The current market may not thrill many car buyers, but the same trend would benefit you as a used car seller. With the way the market’s going, you may be able to capitalize on the high prices for used cars.
Even with the declining prices of used cars from record highs, they remain high and are expected to stay that way for quite some time. If you’ll trade-in or sell your 2017 Altima, you could earn top dollars that could go into a new car or pay off your lease contract.
If you own the car, selling to a private party may get you more money. However, selling or trading in with a dealership isn’t that bad of an idea if you lease the car. Since inventory is limited, car dealers are scrambling to buy good used cars, and they might be willing to pay more than the buyout price of your contract.
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Which Factors Influence Your 2017 Nissan Altima’s Trade-In Value?
To determine how much is a 2017 Nissan Altima worth, dealerships will consider certain factors. Some of the most common are:
- Car mileage – The number on your Altima’s odometer indicates the vehicle’s wear and tear. A car with high mileage is thoroughly used and has a higher chance of breaking down than a car with lower odometer readings. Higher mileage will almost certainly mean lower resale value.
- Interior and exterior – If your Altima is well-maintained inside and out, you’re likely to get a reasonable price for it. Otherwise, scratches, dings, paint chips, damaged upholstery, faulty electronics, etc., will significantly lower your vehicle’s value.
- Maintenance record – Have you been diligent with your vehicle’s scheduled maintenance services? Keep a record of all your maintenance services and repairs. Buyers will have more confidence in your used Altima if they see that it’s well taken care of.
- Optional features – Extra features like heated seats, leather upholstery, sunroofs, premium sound systems, and advanced safety features will significantly add to the vehicle’s value.
- Market conditions – Some factors determining your car’s value are entirely out of your hands. If there’s a high demand for used vehicles, you’re more likely to get a reasonable price for your Altima. Conversely, dealerships won’t be too keen to pay top dollar for a car that they have dozens of on the lot.
What’s Your 2017 Nissan Altima’s Trade-In Value?
There’s no shortage of tools you can use to calculate how much is a 2017 Nissan Altima worth.
Consumer Reports’ Car Value Estimator is a quick and easy tool that provides a rough estimate of your vehicle’s trade-in value. All you have to do is input your car’s make, model, and mileage. Using the tool, your base model 2017 Altima will have a trade-in value of $12,630 with 75,000 and average condition.
Another tool we like to use is Kelley Blue Book’s My Car’s Value Tool, a more robust calculator than Consumer Reports. You may either enter your VIN or manually input information about your vehicle. For a base model, 2017 Altima with standard features and 75,000 miles, the trade-in range is $10,865-$12,550.
Finally, we have our very own CoPilot’s Hidden Profit Calculator. This is a unique calculator because it lets you know if you stand to make a profit out of your used 2017 Altima. The tool calculates your Altima’s Real-time Market Value and compares it with market bids within your location. Simply sign up for a CoPilot account to use it.
THE BEST USED LUXURY CARS ON THE MARKET
Buying a used or CPO luxury car is one of the smartest buys you can make - you can get a lot of car for not much money. You can pick up a three-year-old luxury car for about half of what you’d pay new. Check out this list of the best used luxury cars on the market to find the best deals.
Get a Curated List of the Best Used Cars Near You
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